Growing Ecosystem and Partnerships
MultiversX’s ecosystem is developing, with partnerships and projects that suggest increasing adoption. A notable recent development is Animoca Brands joining as a validator and ecosystem contributor, leveraging its extensive investment portfolio in blockchain gaming, digital collectibles, and infrastructure. This partnership, announced in February 2025, aims to accelerate blockchain adoption, particularly in gaming and metaverse applications.
The platform hosts over 2 million users and a vibrant developer ecosystem, with projects like DeFi protocols, NFT marketplaces, and metaverse initiatives listed on its ecosystem page. Events like xDay 2023, held in Romania, brought together builders, government officials, and investors to discuss trends at the intersection of blockchain, AI, and the metaverse, indicating active community engagement. However, compared to competitors like Ethereum, which has hundreds of dApps, MultiversX’s DeFi ecosystem is nascent, with around 15 dApps of meaningful Total Value Locked (TVL), suggesting room for growth…
MultiversX Machine 